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and europe are crashing on our shores? >> they are dumping product by having government subsidies to chien needs products that are often then subsidized so they can put you guys out of business on the entire market. that's what a lot of americans don't understand. it's frustrating to me. >> there is probably an even more important point about the product that is that our own government is making it more difficult for us to compete. >> how are they doing that? >> president obama is making the rounds. he is going to help us out by increasing our taxes. the only way we can beat governor is by investing in equipment. if the wage rates are lower in china and steel costs the same electricity costs the same the only way i can make business is to have better gimeequipment ane only way to have better equipment is to continually investment the only way to continually invest is make a profit. we are unable to invest in equipment capital accumulation increases wage growth decreases. >> there are a lot of big businesses that do okay. corporations are taxes at all. finding ways to be multi national. the
is in the south and that population is also in the need of services. the government hasn't included both in the delivery of services as well as the governments of the country the people of the north and although we have implemented programs in the north unless there is a connection between the government and individuals, the programs are not going to have the effect of people feeling as though they are a part of society. and so, there was an effort planned over the last couple of years where the development partners in tandem with the government, the central government would deliver resources to the north again with a government out in the lead and with the donors supporting. unfortunately, the pace of that was too slow and not very effective. another point moving forward i think is that we do need to concentrate on decentralization and making a connection between the government services and the individual what the community level. >> to build further on the comments about the resource base within the mali clearly there are difficult choices for the government there that are involved in
government and the lloyd. this is about an hour. -- and deloitte. this is about an hour. >> good morning. i'm the head of bloomberg government. thank you for joining us today, and thank you to deloitte for partnering with us in this event. when we launched bloomberg government just about two years ago, we had the aspiration of creating a one-stop shop, with data, tools, news, and analysis to help government affairs and government sales professionals make better and faster decisions. we went a long way toward achieving that aspiration. a big part of it is conversations on the important issues that face our nation today, particularly at the intersection of business and government. today's discussion on the fiscal cliff clearly meets that. we are honored to have such a thoughtful panel. senator mark warner, senator bob corker, congressman chris van hollen, governor tim pawlenty, who is currently president and ceo of the financial services roundtable. moderating our discussion today is al hunt. we always love having al over here. he really put bloomberg on the map here in d.c. yesterday it was
people have chosen a divided government. it is up to us to make this divided government work. we have to set aside partisan concerns. how to work together to prepare this economy to get people back on their feet? how do we get this sense of real security and upper mobility for all americans, especially those in need? they are the same. the old ways will not do. we need new thinking and renewed efforts from all americans. it is true that president obama won reelection. i congratulate him on his victory. on january 20, he will face a stagnant economy and a fiscal mess. you might say he will inherit these problems. bft -- [laughter] in his second term, i hope he will offer fresh ideas. failure will mean four more years. we have work to do. i'm proud of our ecampaign. i'm proud of mitt romney. serious solutions for serious reforms, we thank him for doing that. the election did not go our way. the republican party cannot make excuses. we cannot have the next four years on the sidelines. we need to apply our timeless principles to the challenges of the day. our party excels at representing
stewart tells chris christie to his face that republicans only like government when it's good for them. the same day christie vetoes health care exchanges in his state. governor howard dean joins me next, next. and republicans are pushing south carolina governor nikki haley to make the right choice to replace jim demint. will she pick right or far right? that's coming up. capella university understands businesses are trying to come back from rough economic times. employees are being forced to do more with less. and the need for capable leaders is greater than ever. when you see these problems do you take a step back, or do you want to dive right in? with a degree in business from capella university, you'll have the knowledge to go further in your career than you ever thought possible. let's get started at capella.edu [ traffic passing ] ] ♪ [ music box: lullaby ] [ man on tv, indistinct ] ♪ [ lullaby continues ] [ baby coos ] [ man announcing ] millions are still exposed to the dangers... of secondhand smoke... and some of them can't do anything about it. ♪ [ continues ] [ gaspin
the government has a vendetta against him. >> they killed one of my dogs. they broke into all of my houses, they stole. i have been continually harassed by the government. and they're attempted to discharge me with every fine. i have documentations and -- to get it and -- . >> mcafee illegally crossed into guatemala with his fiance and two journalists. he's hired a lawyer. >>> lance armstrong will hold on to his bronze medal from the 2000 sidney games for now. the international olympic committee postponed -- and they stripped four of their medals first athens olympics. they were disqualified after the doping samples came back positive. >>> today, a federal appeals court won't stop a decision to put the large images on all cigarette packages. the appeal asked for a full quarter panel to revisit the case. some of the nation's largest tobacco companies sued to block the mandate, claiming the images and stories of the smokers report true. the government argues the antismoking campaign is factual. >>> like grading your home can make the holidays merry and dangerous. each year, thousands of cons
the infrastructure in syria in tact. by destroying the infrastructure the governance of that country we allow libya to slip into chaos. we not allow it to happen in syria. best course of action is for us to not do that sort of thing. encourage him to leave. have the russians help us. clearly we have got to maintain that country as a sovereign effective good country with governance in some form. >> we don't have enough time to go through the country. talk about the countries going to play a vital role in whether this is solved peacefully or a bad let's talk about iran. let's talk about russia and let's talk about egypt which one is the king pin in this whole mess? >> rush sharks -- russia, period for syria anyway. base where they have ships coming into. they vin influence over both countries as we know the russians have been helping the iranians. egypt not so much. egypt has its own problems. iranians we are already in their face so to speak. sanctions. issues with elm this. russia is the king pin here. they can do the most good and the most harm. frankly, now if the represents are used they will ho
in of government at the federal level. that has nothing to do with this. that would be more on the spending cuts. host: what do you make of the back a plan being reported by the new york times saying if we cannot come to some sort of deal, we should just passed tax cuts for the middle class americans and then fight later on for spending cuts and increasing taxes for the wealthy? caller: the tax cut for the general population is great. that would be good for stimulating the economy. but the big thing is hit there needs to be a balanced plan. we need more revenue and we need less spending at the federal level. what is good for california is not good for virginia and what's good for virginia is not good for maryland. maybe we need to focus on reducing the federal government overview. been there would not be as much spending or taxes needed. then let the states deal with the taxes they need to take care of their citizens. host: robert, milwaukee, democratic caller. caller: i would like to say that the republican party, not all of them, i think it's just the tea party, they are destroying the republi
should be released because he never should have been detained. >> but the castro government says five of its spies in the u.s. must be released first. >> the united states government refuses with the cuban government to achieve a solution. >> when senator cardinal was asked about that on cbs. >> they're totally different cases. what cuba has to do is release alan gross. >> that doesn't mean they can't sit down and try and talk again and again and try until they reach something. >> what might break the stalemate is the end of the presidential campaign. mr. obama carried florida's cuban america vote. they want the white house to take it. >> the administration has been visited by us to make it clear that this needs to be a high priority. we got to get alan gross back. >> alan gross is 63 years old and his family says he has health problems. he is serving a 15 year prison sentence. >> thanks so much. those five cubans were arrested in the u.s. in 1998. the castro government admits they were spying, but refers to them as heros. >>> anti-apartheid icon
to punish russian officials accused of human rights offenses-- a move the russian government has denounced. the house passed the legislation last month. president obama has pledged to sign it into law. it was all smiles today for the duchess of cambridge, as she left a london hospital. the former kate middleton was discharged after being treated for severe morning sickness. the duchess emerged with her husband, prince william, three days after being admitted. the hospital stay prompted royal officials to announce her pregnancy to the public. those are some of the day's major stories. now, back to jeff. >> brown: and to egypt. within the last 24 hours the country has seen the worst violence since president mohamed morsi was elected in june. seven people were killed and more than 600 hurt during overnight clashes in cairo outside the presidential palace. we have a report from jonathan rugman of "independent television news." >> reporter: last year, they ousted a dictator. last night, they turned against one another. religious and secular egyptians fighting outside the palace of their first f
government? why would he be doing this? >> well, i think the professor reason is probably do it in conjunction with the anniversary or, on the 17th which is, widely reported in the paper, in the newspapers, but, you know, our assessment is that their desire to continue down this road is motivated by their desire to ensure that their capability, they are now a self-proclaimed nuclear state, their ability to be able to demonstrate to the world that they have the capacity to be able to build missile and have in the technology to be able to use it in ways of their choosing down the road. and this as i said earlier would be very destabilizing i think to not only to the region, but to the international security environment. so who's helping them and my assessment of their ability to be able to launch this missile? i think that they have progressively gained better technology over time, and they have progressively gained that through a number of methods over a number of years and decades. to the degree that they will be more successful than they were last time, in such a short perio
the best politics is good governing and i think we need to see more focus on solving problems and getting things done in washington than playing politics. i think to recognize there's been real progress made, right the border is safer today, the immigration system is better, the two parties worked together to do that over the last few years. there are still some meaningful things that need to get done. the d.r.e.a.m. act, we have to fix the low-end and high-end visa system. the mexicans are going to do a whole boar border system. i think there will be a lot of room to work together next year to get something meaningful done. if the republicans are earnest and play it straight i think they'll get a lot of credit for working with the democrats to fix the broken immigration system and making it better. jon: getting something meaningful done, it seems like a longtime since that's happened in washington. we'll look forward to it. simon rosenberg. kate obenshane thank you much. jenna: the nato alliance warning the assad regime in syria against using chemical weapons against his own people. this
, a bloomberg government former members of both parties said negotiators should be able to reach an agreement. in an hour, president obama speaks to ceo's at the business roundtable, followed by news conferences with house speaker john boehner and minority leader nancy pelosi. >> the supreme court will look at what was passed in 2008 by a majority of six-three, i believe, and they will say that is precedent. indiana had a voter i.d. -- >> they decided on the indiana case, it was constitutional for them to establish id they did not say all of that was subsequently -- >> they talked about indiana. you misrepresented what i said. the supreme court is the law of the land. >> when i hear these accusations that black people voter i.d. loss disproportionately affect minorities -- implies to me that somehow we have something missing in our brain. as -- if white americans can get id to vote and go through all the processes to follow the laws, what are you telling black people? that somehow they are not good enough? that is what bothers me about a lot of the rhetoric coming from democrats and the left.
secretary of the treasury, alexander hamilton, observe energy is a leading character in good government. the president must lead in a divided government and must not advocate his or her responsibility. president obama has the responsibility to propose a real bipartisan plan to avert the fiscal cliff that can pass both the house and the senate. withdrawing from the recommendations of the simpson- bowles commission, the president could propose a plan that would not only avert the so-called fiscal cliff, but also help us avert the fiscal abyss. if president obama were to offer such a plan, republicans would act favorably. going over the cliff is unnecessary. as it has been observed in "the wall street journal," the president is boxing in the republicans. he is offering them a deal they cannot accept. first, the president has repeatedly called for a balanced solution involving both revenue and less spending. what is obvious to the most casual observer is that this plan is not a balanced. the fiscal cliff involves nearly four dollars of anticipated revenue from higher taxes for every dollar
than 50 cents of every dollar they make. they pay the state, the local, the fatigue government in taxes. what america should be addressing is two things. one, we should be addressing generational theft. we now as a country borrow 40 cents of every dollar that the government spends, and we've accumulated 16 trillion dollars in debt. now, in 2008 obama called nine trillion dollars in debt. he said that was irresponsible, unpatriotic. to say this another way, we're literally stealing money from our children and our grandchildren. now, this is the kind of generational theft that has never happened in this country until now, and neerlt part neits addressing this on a regular basis. both parties are arguing over how to tax the rich. now, number two. greed and overspending. for all the talk about greedy rich people in america, how is it possible that politicians' greed is never addressed? after all, they robbed the social security trust fund. they spent it. that's your retirement money that was supposed to be put away in a safe lock box. they spent that money. medicare is also headed for bankr
is that it is a government agency that is not as nimble. long-term, if you have 3% down payment, it is one thing to trust that the lenders to use the program will operate according to the guidelines, but does the institution have the bandwidth to change circumstances? even if it were not as severe as 2006, say we go through a period where congress allows downpayment-funded assistance. how able is the fha to set those proper underwriting standards? >> there is no question that the fha any other agency needs to be more organized than what we have today. fhfa it is 80 years old. it has never required taxpayer money. the fact that we have a 1000- year flat and fha has plans for a 100-year flat, it is unfortunate, but it has worked out somewhat well. >> what we should be thinking about is, how do we take advantage of this opportunity to learn how to do the modernization that roberta talked about? we did learn about ko'd during this crisis, when fha wanted to change its standards and eliminate a program that was clearly costing it a significant portion, having an agency which does not have the authority to act
government if it is not paid out? once you open up a claim, just because you have got to clean open, you have $4,000 in your account -- massachusetts, you might have $15,000 in your account. that money, if you do not dried out, the state keeps it, i believe. -- draw it out, the state keeps it, i believe. guest: i am not sure how that would be handled. the difference between what is happening in the state fund, which is state-funded, and the federal reimbursement, i believe the federal reimbursement only goes to the states after they pick up the money. guest: that is my understanding as well. i did nothing states are able to keep money that is not disbursed to the unemployment. -- do not think states are able to keep money that is not disbursed to the unemploymed. -- unemployed. host: for you, mr. tanner, who is better at running these programs, the state governments or federal governments? guest: states have very different economic climates. what is going on the dakotas right now, they're not even eligible for this emergency unemployment extended benefits, versus new york, which has the highe
-evaluation. conservatism is an asset, not a liability, as we try to govern this country in the 21st century. and i look forward to staying in touch with jim and to working with him at the heritage foundation to see what we can do to improve the fate of our country so we will not become greece. no one is more worried about this nation's unsustainable debt situation than senator demint. i've seen him deinvolve over time to someone who could just not sit quietly, who had to take up the cause. in the 2010 election cycle, he was one of the strongest voices this he had would a lost our way -- that we'd lost our way in washington. jim is a kind, sincere man, an individual who is a joy to be around. when it comes to what's going on in america, jim understands that if we don't make some changes we're going to lose our way of life. that's what's driven him above all else, to try to keep our country a place to be place where you can be anything. i look forward to working with jim in the private sector. from a personal point of view, we've had a great ride together. it has been fun. it has been challenging, and i
to that position which hadn't existed before in the united states government, assistance secretary of the navy. >> there had been something called a chief clerk for years, but the idea of having an assistant secretary, what would be the point of that? there's nothing for him to do. and the job of chief clerk had already been promised elsewhere, and lincoln was told, but we can't -- >> but o do you assessment of naval commanders in chief. >> i believe both secretaries of the navy were very competent, and i would disagree they had little experience. i think being a salvage lawyer in key west and chairman of the naval committee was a lot of experience for mallory, and gideon welles had a lot of experience, the navy at the time was administered by a series of bureaus, steam engineering and so forth. and he was the bureau of clothing and provisions. which means he was the logistics guy for the navy. he was the only civilian to have that guy. everybody else was a navy captain. it would be like having somebody on the joint chiefs of staff who was in a civilian suit. so he really did have some experie
yesterday on c- span2. if any family brand their house all the way the u.s. government ran there's, if we could not print money, we would be in a very bad way. i just think we need to get this deficit under control. those two wars that we have not paid for need to be paid for. you know, it has to be done. if going off the fiscal cliff means that it will be done, so be it. host: other groups are weighing in on these fiscal cliff talks. here is "the new york times" -- in the "financial times" this morning -- roger altman writing today in "the financial times." president obama will be meeting with several governors today at the white house to talk about the fiscal cliff. they will be meeting this morning around 10:00 a.m. eastern time, and then the governors are slated to hold a news conference at around 11:30 a.m. eastern time. go to our website for more details. washington insiders tackle fiscal cliff policy solutions. the group will hold a roundtable discussion today on the importance of reform to address the nation's debt and deficit spending this event takes place this morning around 8:
to come together to the two branches of government to rebuild our differences for the betterment of all. one thing about every single member of congress that raise their hand and support the constitution of the united states, just going to in a very simplified way read the preamble which says it all if we are to remove the uncertainty that this great republic can and will govern itself and in that way held the world. we have to go back to this. we would form a more perfect union and a stylish justice and so forth, tranquility, provide for the defense. that's what we are talking about. providing for the common defense in a carefully measured way. and second, promote the general welfare. it's not just the welfare of the head of his or the have nots. it's the general welfare of all citizens of this country. and secure the blessings of liberty under the constitution. members ought to simply read that and say to themselves what can i do? while our press release says they should communicate with the people. but i would like to pose a challenge because here is some of it, and i thank each of y
. >> blankets hang across one alleyway to block government snipers' line of sight. the shooting is coming from there, the sniper, one of the fighters points out. they take us further forward. crawling through holes punched between buildings. they're just telling us that it's because of the snipers that they have to move through the various buildings like this. it's an urban version of first world war trenches. they etched forward by just one block. going any further is back breaking work. a rebel dashes down the street carrying a makeshift rocket launcher. it's a plastic tube. he later displays the rocket. this is a homemade rocket that was manufactured by the fighters themselves in this very battlefield. but they can't find the sand bags to stabilize the launcher. the weapons the fighters carry are spoils of war, captured from government forces, but they also make a promise. there is a message we have, one of the older fighters vows. when this is over, the guns will be handed over. i am just fighting to see my house down the road, he says. it's hard to fully absorb the scale of the devastatio
, government, and not spending enough money to keep people employed. inking money out of the system would drive off the unemployment system. ployment up the uneml rate. to become the primary reason to extend unemployment is just the compassionate thing to do. people rely on the benefits. it would be a crushing blow. they provide a crucial crutch for the economy that still needs it. host: we are taking your calls the numbers are there for you. we will still have the line for those receiving of employment insurance -- tool 2-585-383. you can give us a call on that line. i want to talk about the bureau of labor statistics on unplowed numbers that are out as a just a couple of minutes ago -- on employment numbers that are out just as a couple of minutes ago in an employment rate is down to 7.7%. mr. josh bivens, how will that play into the debate over the extension of unemployment insurance? guest: i am not sure. i am afraid we have had such low expectations that people might see this as a fantastic jobs report. i have not gone into the details. the headline number, 146,000 jobs is not fantastic. i
-called haircut can be revisited. in the past, merkel's government had ruled out forgiving any debt. >> in corporate new, ubs is reportedly close to a settlement. the "new york times" says the swiss bank is expected to pay horn $450 million over claims that some of its employees submitted false libor rates. that's pretty huge story and we will take a look and ten to see what happens with this. also morgan stanley trader is under investigation by cme regulators over trades and treasury futures four years ago. at the time he was employed by goldman sachs. he's now head of global interest rates products at morgan stanley. the probe is aimed at establishing whether hadden's late trades hat manipulate closing prices and made other trades more profitable. also singapore airline says that it is in talks with interested parties to sell its 49% stake in virgin atlantic. delta is reportedly among the potential suit ors. delta is said to want to gain access on injury gain's landing rights at london heathrow. >> biggest international hub h around. i think an dwderson is really g. it's profita
services, flip the screen guys, business and professional services, 43,000 of those. the government pointing out that computer systems analysts and related fields have strong demand and good pay there. every month, you're looking backward. the trend is important. two years now of jobs growth, but look at how difficult it has been to stay above 200,000 jobs per month. it gets up there one or two months, then can't quite stay up there. we need to see next year, some better jobs, durability of this for next year. >> this report was supposed to be weak. superstorm sandy, a number of labor disputes. the fiscal cliff. we were expecting the number to go up from 7.9 to 8%. went down to 7.7. a number of economists, created 146,000 jobs, so before you opine on the report, how accurate and reliable do you feel this report was? >> well, first of all, i think it's important to know there were downward revisions to the past two months, which makes the trend not look as good. it's also important to note that anywhere between 50 to 100,000, which about 86,000 were affected by the storm, is not cons
home is the american dream. government support excessive borrowing has turned into a national nightmare, close quote. and the focus of that editorial was, we still haven't fundamentally reformed that, including at f.h.a. so i hope we start getting on that track starting today. thank you, mr. chairman. >> senator menendez. >> thank you very much. i'll be brief. i look forward to hearing the secretary's response on how f.h.a. balances the goals of remaining self-sufficient without taxpayer funds, but also helping what is still a fragile housing market in ensuring first-time home buyers can get credit. there is a clear case to be made in my mind that but for f.h.a. in the midst of this housing crisis, we would have a far greater crisis on our hands. and so reconciling the fiduciary responsibilities here to the taxpayers as well as the mission to people of america is incredibly important. i look forward to hearing that. and with your indulgence, mr. chairman, when it comes to my time in questions, while i certainly care about f.h.a., i have a even more pressing issue in the state of new jer
. obama only has a desire to raise taxes on the rich. all you know he wants to do it. run government for eight days and the taxes. the only reason why he is doing that is emotional gratification to feed the left, people he tries to appease. >> kimberly: it's appeas appeasement. >> bob: mostly wealthy people fun the wars in afghanistan. >> greg: i love that. [ overtalk ] >> bob: country club people say great idea to be in that war. >> kimberly: look at the voice he uses! >> eric: if we go over the fiscal cliff, people getting hurt the most, paid the most are the wealthy. >> kimberly: look, we talk about the jobs -- look, you want class warfare. >> greg: why is it good to punish people -- >> bob: break after break after break for republicans from 1986 on. time to pony up. >> greg: why? they pay most of the taxes. >> bob: so what? you don't care they contribute. you want them punished. >> greg: you're obama's soul. >> bob: they don't pay percentage of taxes on the money they earn versus what -- >> greg: 40%. reduce the government for eight days. that is preposterous. >> eric: is earning
is on the subjects of the presidency, political history and policy issues of importance of the governance of this country which on behalf of the miller center and the university of virginia, thank you very much for being here tonight. we are adjourned. >> we will have this program again in about three hours on c-span. next john boehner and nancy pell low si on the so called fiscal clive. >> writers institute, i think the writers institute is something that is very important in the culture. we are a culture of words, of voices. words are key to our imagination and capacity to envision things. we ourselves are not completely tied to print on the page but i think that there is no other art form so ready accessible, other than film which we work with too. it cap chures the human spirit. >> this weekend join book tv as we look tpwhrind scenes at the history of new york capital city, albany saturday at noon eastern on book tv and on c-span2 >> house r house speaker told reporters the white house has wasted another week on negotiations over the fiscal cliff. >> this isn't a progress report becau
. they can't even take care of their own bodily functions and they want >> the government. if you can't p you are not changing anything, you stupid stupid jerks. anyway. the chapter -- two chapters on that. i focus on how the media demonized the tea party and lionized occupy wall street. i will get into why they did it later in the third hour of the speech. other areas, everybody has a border but if you talk about a border you are a racist. grant has a border. they don't deserve one but they have one. our military is treated on campuses with in tolerance. if you organize a care package delivery to afghanistan there will be professors and students and activists groups who say why are we sending stuff to people who care -- kill babies. i don't get it. i don't have anything beyond those people are idiots because they allow people like bill heirs to teach. they give accolades to terrorists yet they give no respect to our troops. there's a chapter in my book on that. conservative women, any -- you have the toughest job because feminists hate you and they go out of their way to demonize you even th
rely on food stamps. republicans say it's far too many. it's government assistance out of control. certainly a major theme during the republican primary. >> president obama has been historically the most effective food stamp president in american histor history. >> in light of the continuing controversy over food stamps, new jersey democratic mayor cory book booker will live on food stamps saying, quote, nutrition is not a responsibility of the government. >> as you mentioned this all sort of began as a back and forth on twitter. we'll get to that in detail in a moment. first i want you to look at something that mayor booker posted on his twitter account. it is a grocery store receipt from pathmark, detailing some of the things that he bought. you can't really see it closely but we can tell you some of the things that he bought include red delicious apples, yams, broccoli, corn, chickpeas and lots of black and pink beans. he is documenting his week on food stamps on twitter. that means that he will live off of about $30 a week on groceries. that works out to about $4.32 a day. and
of their money to the federal government without raising tax rates. >> we can probably solve this in about a week. it's not that tough. but we need that breakthrough that says we need to do a balanced plan. >> the white house says they are also concerned that republicans may use the debt ceiling, which will need to be raised early next year, to get their way on tax and spending cuts. the pentagon is also preparing to make cuts if no deal is reached. the preliminary plan is to cut $500 billion in programs. the pentagon spokesman says it could force them to abandon their new military strategy. it's also likely to affect spending and military weapons. >>> melissa with some breaking news. >> at least five people have been killed in clashes in cairo overnight. we're now hearing at least 500 people have been wounded. take a look at this video just into the newsroom. tanks are now being brought in to control the crowds. there are protesters and supporters outside president mohamed morsi's palace. they're arguing over the country's new constitution, which many say gives morsi too much power. >>> today wo
>> i believe government is here to fix our streets, roads, and protect us, but they don't need to protect people from their jobs. >> three cheers for her. you at home who understand it's freedom, not central planning that gives us better lives, that's our show. thanks for watching, i'm john stossel. ♪ lou: the obama administration tonight ramping up dlomatic efforts to end seer -- syris bloody civil war and the fear assad could use chemical weapons against his own people. the military is prepared to use poisen gas bombs, secretary of hillary clinton flew to dublin to hold a meetg with her russian counter part and u.n. enjoy to syria meeting to discuss how they would end the now 21-month long conflict in syria and how to move assad from power. and there's no sign they had to reverse the support, and toda a senior lawmaker says the syria government is now incapable of functioning properly. just before the meeting with the russian foreign minister, secretary clinton insisted that the united states and russia share common goals in the region. >> trying hard to work hard with russ
that when it's all said and done, the government could save $5.7 billion. but those 65 and 66-year-olds don't disappear. they are still going to be here and get sick sometimes which means the savings we'd see by kicking them off they pop back up elsewhere in the economy. it's not pure savings, it's a cost shift. you're going to see increased costs for seniors who will have to find another health insurer since it uses power to pay less by quite a bit. the seniors turning to private insurance will have to pay more from the same coverage. 3.7 billion more in the first year of the policy. for those who are eligible for medicaid, will move to the states, we think. then there are the employers. many of the ineligible will turn to their employers. that will increase the health care costs of companies by $5.4 billion. some of the seniors will turn to the affordable care act in the insurance exchanges. those left in medicare will pay a higher premium because the average premiums go up for those older and sicker. that will cost $2.5 billion. in order to save the federal government $5.7 billion this p
and spending plan before mandatory cuts in government spending and tax increase goes into effect in less than a month. maryland congressman chris van hollen says he thinks there's only a 50/50 chance a compromise will be reached by the looming end of the year deadline. >> i hope we can come together. it's important to avoid the fiscal cliff. it's also important to do it the right way. >> doing it the right way obviously depends who you're speaking to. i asked maryland democrat chris van hollen, ranking member on the house budget committee, what happens if the white house and republicans in congress cannot reach a deal by january 1st? >> it doesn't necessarily mean january 2nd, you know, the world falls apart, brought it does mean is if you go into january, you know, deeply into january without having resolved these issues, taxes will go up across the board on everybody. that's a big tax increase. >> and deep across the board spending cuts in defense and other areas of the federal government. >> if you look at the plans that the white house has talked about thus far, they couldn't pass either
down to consumers. the current crop could be bigger than the government is currently expecting. netflix ceo under pressure on the sec. a study showing that gays earn more and owe less. >> we will check back in with you soon. thank you so much for that. 4:30 it is your time. >> still to come and good morning washington, growing concerns over the crisis in syria. >> looking a lot more like christmas outside the white house. the first family of flipped the switch on the national christmas tree. it is the first year for this particular 30-foot tree. that is carrying on a 90 year tradition. >> very pretty. >> it was a little cold out. it is 4:41 right now. >> things are not too bad temperature-wise. we bottomed out yesterday with the thermometer. this morning, the clouds are back, and so is the rain. we have a spotty showers across west virginia and in north western maryland. this will be very sporadic throughout the day. our temperatures, feeling better, 39 degrees at reagan national. 38 at dulles. we will make up to seasonable averages this afternoon. a few showers, especially this morning
government goes in there and raids these clubs. if the state is a player, the feds largely are hands-off. >> help me out here. so in washington state and colorado, it's not only legal toto i am bible or to smoke. right? but it's legal to grow? >> it's legal to grow in colorado. washington state does not allow home-grown cultivation. >> they are importing it from where? >> it will be grown in washington in cultivation centers. >> i see but not at home? >> you can grow up to six plants at home in washington. >> in colorado? >> yeah. >> and then you can legally sell it and the state gets a sales tax. >> that's right. in one year because they have to put the regulations out, promulgate them and fight and all, but more or less a year from now people will be able to go into these places like you and i can get alcohol and tobacco on and caffeine and use it possibly in a private setting. you can't use it like in a coffee-shop setting like in amsterdam. >> by the way, i was in amsterdam 10 days ago. i looked for one of those damn pot coffee shops. carol and i
to believe a president or anyone else that later on the government is going to do this? i mean, does he think -- i mean, it's absurd. no american is going to trust that i'm here from the government and here to help you or don't worry, we're going to do this alert. >> it goes back to the basic premise i stated which i don't think the president really wants a deal. he's happy with the deal he's got, and unless the republicans. >> he has no deal. >> he does. he has the deal put in place over a year ago which is all the tax rates going back to where they are, and two big cuts, a big cut in defense and a big cut in domestic program. >> so he wants to go off the cliff. >> all right. he doesn't see it as a cliff. he sees it as a pretty good deal that they negotiated over a year ago that puts him in a position where he doesn't have to negotiate, that he can negotiate from a position of strength. >> but he has a slight other problem and that's at the end of december we're going to bump up against the debt ceiling and he wants that debt ceiling to go up. here's another thing he did which maybe you can
revisions were almost all in government. mandy makes a good point. 150,000 a month, which has been the average over the past is a months or so, is not great. if this was a normal recovery, we'd be growing at 4% instead of 2 on gdp. employment would be well over 250. however, the good news in today's report was if you look at the household survey, there was clearly a hurricane effect in these numbers. we might actually have printed over 200 absent hurricane sandy. i would argue the trends is getting better. as jim pointed out, we need some clarity on the outlook, and the cliff is very important. if we go off the cliff, even if that number had been 250, the numbers still would weaken next year. >> jim, you have to make money in the meantime. where do you put your money? where are you putting money to work right now? >> well, i'm pessimistic. i share austin's view that i think we're going to go off the cliff and push this thing to february with the debt ceiling bill. as that reality comes in, the market is going to continue to struggle. i would avoid risky assets right now. i'd play s
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